Sunday, 28 June 2015

Greek debt crisis: Banks to stay shut, capital controls imposed per BBC News

'Greek banks are to remain closed and capital controls will be imposed, Prime Minister Alexis Tsipras says.

Speaking after the European Central Bank (ECB) said it was not increasing emergency funding to Greek banks, Mr Tsipras said Greek deposits were safe.

Greece is due to make a €1.6bn (£1.1bn) payment to the International Monetary Fund (IMF) on Tuesday - the same day that its current bailout expires.

Greece risks default and moving closer to a possible exit from the eurozone.

Greeks have been queuing to withdraw money from cash machines over the weekend.
Mr Tsipras did not give details of how long banks would stay shut, or exactly what controls on capital would be imposed.'
Safe? Really? I would say that the shit was just about to hit the fan.

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